EMC Capital Management Increases Stake in THOR Industries, Inc. (NYSE:THO)

EMC Capital Management grew its stake in THOR Industries, Inc. (NYSE:THO) by 22.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,699 shares of the construction company’s stock after buying an additional 315 shares during the quarter. EMC Capital Management’s holdings in THOR Industries were worth $199,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Choreo LLC raised its position in shares of THOR Industries by 23.3% during the 4th quarter. Choreo LLC now owns 282,102 shares of the construction company’s stock worth $33,494,000 after acquiring an additional 53,263 shares in the last quarter. Madison Asset Management LLC raised its position in shares of THOR Industries by 3.0% during the 4th quarter. Madison Asset Management LLC now owns 406,413 shares of the construction company’s stock worth $48,058,000 after acquiring an additional 11,814 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of THOR Industries by 596.7% during the 1st quarter. BNP Paribas Financial Markets now owns 47,061 shares of the construction company’s stock worth $5,522,000 after acquiring an additional 40,306 shares in the last quarter. Inspire Advisors LLC raised its position in shares of THOR Industries by 9.3% during the 1st quarter. Inspire Advisors LLC now owns 1,894 shares of the construction company’s stock worth $222,000 after acquiring an additional 161 shares in the last quarter. Finally, ACR Alpine Capital Research LLC raised its position in shares of THOR Industries by 1.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock worth $174,165,000 after acquiring an additional 22,542 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on THO shares. Truist Financial cut their price target on THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Robert W. Baird cut their price target on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Benchmark initiated coverage on THOR Industries in a research report on Thursday, July 18th. They set a “hold” rating on the stock. Finally, Citigroup dropped their target price on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, THOR Industries has an average rating of “Hold” and an average target price of $102.00.

THOR Industries Trading Down 0.7 %

THOR Industries stock traded down $0.69 during trading on Friday, hitting $100.09. The company’s stock had a trading volume of 520,716 shares, compared to its average volume of 497,009. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 20.23 and a beta of 1.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. The stock’s fifty day moving average is $96.09 and its 200 day moving average is $105.35. THOR Industries, Inc. has a 1-year low of $84.54 and a 1-year high of $129.31.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, June 5th. The construction company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.89 by $0.24. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.24 earnings per share. As a group, equities research analysts predict that THOR Industries, Inc. will post 4.79 EPS for the current year.

THOR Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, July 3rd. THOR Industries’s payout ratio is 38.95%.

THOR Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.